You may need all the help you can get to balance your budget - so it would be understandable if that advertisement for cheap iPad insurance really caught your eye.
The magnetism of cheap
There is no real reason why you should not be interested in such ads. Cost is a major factor in our regular purchase decisions and insurance is no exception to that.
However, before diving in, it may be worth thinking a little about what exactly this may mean in terms of your quality of cover.
Everybody is unique
Your iPad may be identical to many others but the way you live your life and use your iPad will be unique to you.
What that means is that your risk profiles may well be different to somebody else's and as a result, the cover you need may also be different.
In terms of the cost side of insurance what this means is simple - what is cheap and suitable for someone else may not be entirely suitable for you, whether it is cheap iPad insurance or not.
The cover
As with any insurance product, terms and conditions, exclusions and limitations will apply and you may wish to read these carefully to ensure you understand them.
However, some policies will be able to provide you with financial protection against the worst effects of:
your iPad being stolen;
it breaking down outside of the manufacturer's warranty period;
it being badly damaged or destroyed in an accident.
Even if you find something described as cheap iPad insurance that offers all of the above, you may also wish to see if it also:
offers a guaranteed 48-hour replacement of the iPad once your claim has been accepted;
will cover you if you have taken your iPad overseas;
provides 3GB of data storage so that you can protect some of your most critical data and get back to normal a fast as possible once you have your replacement iPad.
Clauses and conditions
Some insurance advertised as cheap may carry a large excess (the amount you will have to contribute towards any future claim. It may also exclude things such as water damage while other policies may not.
In other words, it is important to look just as carefully at what the policy is not offering as much as it is to check what it is covering.
So, appealing as cheap iPad insurance may be as a concept, it is worth looking closely at the detail.
The magnetism of cheap
There is no real reason why you should not be interested in such ads. Cost is a major factor in our regular purchase decisions and insurance is no exception to that.
However, before diving in, it may be worth thinking a little about what exactly this may mean in terms of your quality of cover.
Everybody is unique
Your iPad may be identical to many others but the way you live your life and use your iPad will be unique to you.
What that means is that your risk profiles may well be different to somebody else's and as a result, the cover you need may also be different.
In terms of the cost side of insurance what this means is simple - what is cheap and suitable for someone else may not be entirely suitable for you, whether it is cheap iPad insurance or not.
The cover
As with any insurance product, terms and conditions, exclusions and limitations will apply and you may wish to read these carefully to ensure you understand them.
However, some policies will be able to provide you with financial protection against the worst effects of:
your iPad being stolen;
it breaking down outside of the manufacturer's warranty period;
it being badly damaged or destroyed in an accident.
Even if you find something described as cheap iPad insurance that offers all of the above, you may also wish to see if it also:
offers a guaranteed 48-hour replacement of the iPad once your claim has been accepted;
will cover you if you have taken your iPad overseas;
provides 3GB of data storage so that you can protect some of your most critical data and get back to normal a fast as possible once you have your replacement iPad.
Clauses and conditions
Some insurance advertised as cheap may carry a large excess (the amount you will have to contribute towards any future claim. It may also exclude things such as water damage while other policies may not.
In other words, it is important to look just as carefully at what the policy is not offering as much as it is to check what it is covering.
So, appealing as cheap iPad insurance may be as a concept, it is worth looking closely at the detail.
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